SCM320 IP4

Summary: 250 words; Conclusion: 750–1,000 words; Total: 3,500–4,800 words (excluding references)

Please see attached paper for Section 1, 2, 3.  This assignment will be adding Section 4 below and is 250 words for the summary and 750-1000 for conclusion.

You will provide a draft of your completed Procurement Life Cycle Plan. This draft will be posted to your discussion board for peer review. The plan will include the following sections:

• Section 1: Preparation
  • Planning the procurement contract
  • Defining supplier requirements
• Section 2: Management
  • Selecting the appropriate source
  • Negotiate, select, and award the purchase contract
• Section 3: Close Out Contracts
  • List the elements typically used to manage supplier performance
  • How will the company be verifying receipts?
  • What will the invoice process and contract closeout process be, and why is this important?
• Section 4: Summary
  • Executive Summary
  • Conclusion and Recommendations

Week 4 Assignment: Key Assignment Draft

Section 4: Summary section will include the following:

• Executive Summary (or an introduction to your Procurement Life Cycle)
• Conclusion or recommendation